Demolition & Deconstruction
Demolition involves the tearing down of buildings and structures, while deconstruction focuses on taking a building apart to carefully preserve valuable elements for reuse. These activities present unique risks and exposures that require specialized insurance coverage. At KRGinsure, we provide tailored insurance solutions to protect demolition and deconstruction contractors from a wide range of potential claims.
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Coverage Options
Property Exposure
Property exposure at the contractor’s location includes the office and storage of equipment and vehicles. Handling salvage materials, which may be stored inside or outside, poses additional risks. If explosives are stored on premises, fire and explosion hazards increase significantly. Superior controls on inventory and access to storage areas are required, along with compliance with all provincial and federal regulations.
Inland Marine Exposure
This includes contractors’ equipment and goods in transit. Transporting explosives or salvage requires drivers with a Dangerous Goods license and experience in transport. Equipment on-site, such as cranes, may be leased or rented for specific jobs and is susceptible to damage during blasting operations. Proper marking and storage are essential to prevent theft and vandalism.
Occupiers’ Liability
Liability exposure is extremely high both at the contractor’s premises where explosives are stored and at job sites using blasting materials. Proper storage and handling of explosives are crucial to prevent severe bodily injury, loss of life, and structural damage. Barriers must be in place to protect onlookers, and the buildings must be checked for people before demolition.
Environmental Impairment Liability
This includes the storage and disposal of waste and debris from demolition sites. Potential contaminants such as lead, stored fuels, and friable asbestos pose serious risks. Proper documentation and procedures for transportation and disposal are critical to managing these exposures.
Automobile Exposure
This includes transporting workers, equipment, and supplies to and from job sites. Transporting explosives demands extreme care due to the potential for fire, explosion, collision, and theft. Drivers must have a Dangerous Goods license and adhere to all provincial and federal laws. Proper loading and detailed training for spill or overturn procedures are essential to minimize risks.
Workers’ Compensation Exposure
This is severe due to the high-risk nature of demolition work. Potential hazards include falls, being struck by falling objects, fire, explosion, and injuries during robbery attempts. Common injuries include slips, falls, foreign objects in the eye, and back injuries from lifting. Explosions can also cause hearing impairment.
Why Insure Your Demolition and Deconstruction Business?
Insuring your demolition and deconstruction business is crucial to protect against the numerous risks associated with this high-risk industry. From property damage and liability for accidents to environmental impairment and workers’ compensation claims, the potential exposures are significant. Adequate insurance coverage ensures that your business can continue operating smoothly, even in the face of unforeseen incidents. It also demonstrates your commitment to safety and compliance with regulatory requirements.
Who Needs Demolition and Deconstruction Insurance?
Demolition and Deconstruction Insurance is essential for:
Demolition contractors
General contractors
Piling contractors
Blasting contractors
Welding contractors
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KRGinsure Brokers, Your Coverage Expert
For more information on demolition and deconstruction insurance, contact KRGinsure today to learn how we can help protect your business from unnecessary risks and ensure you have the comprehensive coverage you need.
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